What We’re Reading

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A collection of some of the interesting articles, interviews, and stories we’ve been reading lately.

Insurance helps protect against data breach fallout
March 7, 2016
“When looking for different cyber-insurance policies, Gold said, it’s important to keep in mind all the potential scenarios as some have provisions that exclude what hoteliers might need and think would be included, such as the physical damage in his client’s case. He said hoteliers should work with a savvy broker who specializes in cyber-insurance packages. There are so many different primary forms out there, he said, which can change every three to four months based on what clients face.”
-Hotel News Now

Las Vegas casinos seek to power their bright lights with renewable energy
March 7, 2016
“In recent months, three of Nevada’s largest casino companies – MGM Resorts, Wynn, and Las Vegas Sands – have announced plans to buy and produce more renewable energy for their hotels, a move driven both by increasing demand for responsible energy use from the companies that rent their conference halls, and a surplus of cheap power from solar farms in Nevada and California.”
-The Guardian

Millennials vs. Boomers: Trends in Multifamily Apartment Rentals
March 9, 2016
“Both Millennials and Boomers are looking for housing options that cater to their lifestyle. Boomers (51–71) want to live mortgage-free and lower their housing expenses and transient Millennials (18–34) enjoy the flexibility of renting.”
-Multi-Housing News

Starwood rejects Marriott, chooses Anbang’s sweetened buyout offer
March 18, 2016
“Starwood Hotels & Resorts said Friday that a group led by China-based Anbang Insurance Group raised its buyout bid for the hotel company to $13.2 billion and that it will accept the offer and terminate Marriott International’s buyout agreement.”
-Travel Weekly

Are Apartment Renters Willing to Pay More for Green Features?
March 22, 2016
“Renters now explicitly say they are willing to pay more to live in apartment buildings with sustainable design features, from energy-saving appliances to bike rooms, according to the latest survey from the National Multifamily Housing Council (NMHC). Renters are also willing to pay extra to live in “sustainable” neighborhoods, where they don’t have to drive to get to amenities like shopping and services, according to a February study from data firm Axiometrics.”
-National Real Estate Investor